a process that will fail only within a set range and with minimal causes of failure.

The legal term that refers to using more than one policy to claim on one event.

1. All employees who work for a company. 2. Employees working under a given supervisor. 3. Act of having a position at a company.

The person in change of a department that consumes revenue and advises line managers. They don’t normally make decisions about operations.

A term from the stock market for an investor who buys shares that have been just issued and then sells them as soon as they hit the market.

A project sub-section where tasks are performed together with scheduled outcomes.

Payments that are made in installments bot not necessarily in a regular or an equal amount.

The stage of an economic cycle where less than 1% of growth or decline occurs.

Metal product more resistant o staining, corrosion and rust. It is an alloy of carbon and iron.

Group, organization or person who has a stake that can be affected by the organizations objectives, policies and actions. See corporate governance.

Philosophy of management regarding maximizing interests of stake holders as its main objective.

One presented at a bank or to the consignee more than 21 days after the date of arrival of the shipment.

One presented a long time, 6 months or more after the date of issue. Also known as a stale dated check.

A claim that has been barred under a statute of limitations or a doctrine of laches.

A security that has had a feature altered and officially stamped to show it is an official change.

1. General. A thing that can perform its intended operation without any assistance. 2. Computing. (1) Self-contained system not linked to another. (2) Individually sold software and not as part of a

The notification that the state of high preparedness is over and an alert has been called off.

The measurement of costs involved in relation to the number of units produced.

A US measure for displays where it is one column wide by one inch deep with a gutter of 1/8 inch between the columns.

The length of time it takes in order to produce a quality service or product.